General Data Protection Regulation (GDPR)
Improve your risk management practices
The General Data Protection Regulation (GDPR) is one of the most recent regulations designed to strengthen data individual data security for people in the European Union (EU) countries. GDPR went into effect on May 25, 2018. Its objective is to give people more control over the way their personal data is used, to protect personal information from loss and unauthorized access, and to unify regulatory policies within the EU.
It is now mandatory for businesses with operations in the EU to comply with GDPR regulations. However, compliance presents challenges to a majority of global businesses. It is not a simple directive but a regulation with steep penalties for non-compliance. You could easily be fined up to 4 percent of your annual revenue or 20 million Euros, whichever is great, for non-compliance.
At Venkon, we believe compliance with GDPR is a good opportunity for companies that conduct business in EU countries to improve their risk management practices. The only major challenge businesses have had to face in complying with this regulation is the tight deadline. Fortunately, our skilled GDPR Certified professionals are experienced in all the security requirements of the regulation and will help your company become GDPR compliant in the most cost-effective way. We’ll provide you with step-by-step guidance on how to become GDPR compliant.